Massive surge in first home buyers as investor numbers fall: ABS

first_imgThe surge in owner occupiers has more than made up for the fall in investors, ABS has found. Picture: AAP Image/Dave HuntNEW data shows first home buyers have sprung into the market as new lending rules force large numbers of cashed up investors out – but there’s fresh competition waiting in the wings. Latest Australian Bureau of Statistics housing finance data showed investor lending fell 4.7 per cent over the last quarter seasonally adjusted, after posting a 1.4 per cent drop in May when owner occupiers rose 2.9 per cent.May saw 54,061 loans approved, a rise of 1 per cent from the previous month. The days of battling it out with cashed up investors and superannuation investment vehicles have been numbered since banking finance regulator APRA began a crackdown on high levels of investor exposure in lending portfolios.Real Estate Institute of Australia president Malcolm Gunning said in trend terms Queensland saw the largest decrease in investment housing commitments of 0.9 per cent with the only rise coming out of the ACT of 0.5 per cent.First home buyers reached their highest level since July 2015 as a proportion of total owner-occupied commitments, he said, rising to 14 per cent.“The number of first homebuyer commitments increased by 28.9 per cent for the month and is the highest since October 2014,” he said.“The May figures show that the market is adjusting with owner occupiers and first home buyers returning to the market as investor activity decreases and is worth noting that this is before the recent concessions introduced for first homebuyers.”Mr Gunning said the May figures were the first to show the impact of the lending crackdown on property investors.But there’s a twist in the tale for first home buyers with the investor vacuum being rapidly filled by a flood of other owner occupiers hitting the market, according to RateCity.com.au money editor Sally Tindall.“The surge in owner-occupier lending has more than made up for the drop in investor lending, defying increasing speculation the housing market is waning,” she said.“The government regulator will be pleased with this surge as it shows that the ‘right’ type of people are taking out home loans.”More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoOwner occupiers can expect to see even less investors competing for property with them as the full effects of two rounds of rate hikes interest-only loans and investment housing finance sink in.“Further drops in investor lending are extremely likely in the months to come,” Ms Tindall said.“It just goes to show there is no shortage of owner-occupiers waiting in the wings when investors get cold feet. Owner-occupiers with principal & interest loans are now paying an average of 80 basis points less than investors with interest-only loans, so it’s no wonder they are stepping up to the plate.” Average Variable Rates Based on the average mortgage size of $350,000 (ABS). Owner-occupier, principal & interest: 4.29 per centOwner occupier, interest only: 4.71 per centInvestor, principal & interest: 4.72 per centInvestor, interest-only: 5.09 per cent Source: RateCity.com.aulast_img read more

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Wenger hails magnificent Ramsey

first_img “There’s more to come. If he continues to play like that then he will have a good future with Wales.” The Frenchman added: “The reaction of the fans was fantastic. I’d like to see that much more. I have a big respect for that. They are proud to be Welsh here.” Wenger and his team can now sit and watch nearest challengers Chelsea and Liverpool try to bring their lead back down to four points on Sunday. The Frenchman remained coy about his side’s title chances, but was delighted by their display. He said: “I’m very pleased because we had a good performance. We scored three goals, but we were not only good offensively, we were also defensively sound. “It was a mature performance and a focused one. “We are showing consistency and that is always a good sign. “I’m happy to have done the job here and to watch the other games tomorrow. All we can do is do our job and prepare for the next game.” Cardiff slipped to 17th in the table thanks to the defeat. The hosts were much improved after the break, with Wojciech Szczesny producing a great save to deny Fraizer Campbell an equaliser with the score at 1-0. And manager Malky Mackay felt the final score was harsh on his team. “The score is not a fair reflection of the game, but I am not going to apologise for having a go,” he said. “That’s what we did, and we certainly gave them some problems in the second half. The calmness on the ball in the second half makes me very proud of the players. “We were playing against a team who have had a manager in situ for 17 years. Over that time he has had a lot of money to build a recruitment process to bring in top players like we have seen here. “We were playing against the best and were certainly not out of our league.” Mackay also has no doubt Arsenal have what it takes to retain their position at the top of the pile. He said: “They’ve got a very good chance, if they are sitting first today. “They are in the last-16 in Europe as well. It speaks for itself, it’s not rocket science.” Press Association Both Ramsey’s goals were applauded by the two sets of supporters after another virtuoso display in what is turning into a stellar campaign and the player acknowledged the home fans by performing the club’s ‘Ayatollah’ celebration after finding the net. Wenger heaped praise on the 22-year-old and, when asked if £50million would be enough to prise Ramsey away from the Emirates Stadium, said: “No. We don’t want to sell anybody, we want to keep the team together. I’ve suffered enough for years for having to sell the players. “Now we are in a stronger position financially.” Wenger also believes Ramsey can get even better. “He keeps surprising me,” said the Gunners’ boss. “He has matured as a player and a person as well. We came here in the FA Cup a few years ago and he had a very difficult game. Now he shows how much he has developed as a person. “I was a midfielder and I would have loved to have what he has. “He can defend, attack and score goals. What more do you want? He is also young – another quality that I have lost. “He can still develop. When you see the improvement in him in the last two years then why should he stop now? Arsene Wenger claimed £50million would not be enough to tempt him to sell Aaron Ramsey after the in-form midfielder’s brace helped Premier League leaders Arsenal to a 3-0 win at the midfielder’s former club Cardiff. The Wales international, who came through the Cardiff academy and is the youngest player to have represented the Bluebirds, headed home the opener from a Mesut Ozil cross in the 29th minute. Substitute Mathieu Flaimini doubled the lead with five minutes remaining before Ramsey completed the scoring in stoppage time to make it 15 goals for club and country this season and move Arsenal seven points clear at the top of the table. last_img read more

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Grace Children School Marks 35th Annual Sport Fiesta

first_imgMr. Temitope Olotu, managing director, Abeje Foods who was the chairman of the occasion commended Grace Schools for taking the lead in the consistent provision of sporting activities to enhance the children’s physical growth.In her comments the Head of School, Grace Children School, Dr Nike Akindayo, noted that education is not just about academics and that the school emphasizes the development of the total child. The pupils are given opportunities to express themselves and develop in the areas of intellect, physically and also socially in accordance with the education curriculum.Other special guests that witnessed the event were the Principal of Grace High School, Mr. Ronald Cilliers, Mrs Maryam Yahaya, Mrs. Toyin Odusote, Mrs Arome-Sule, Mr. Henry Ozulumba among other dignitaries and parents.The event which was officiated by top sporting officials from all over Lagos State was ably coordinated by the supervisor of the school, Mr. John Ibe and the Sports Master, Mr. Obioma Thomas. Corporate organisations such as Airtel, Domino Pizzas and Milo were available to add colour to the event.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram It was a fun filled fiesta this past weekend as Grace Children School, Gbagada marked her 35th annual inter house athletic competition tagged the Grace Olympiad.According to the Administrator, Grace Schools Mrs. Tokunbo Edun, the 35th Grace Olympiad is the best athletic sporting event the school had so far as the school provided lots of innovative activities for the pupils to compete on.The pupils of the top notch school participated in various sports including various relay races, cricket and swimming competitions. Innovative games such as Hooparul, Bursting the-balloon, Big-slippers race, dancing competition and cheerleaders display made the all day event colourful.last_img read more

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India will be the biggest underdog of U-17 World Cup: Coach

first_imgNew Delhi, Sep 12 (PTI) Cheif coach Nicolai Adam today propped up his wards who will form the nucleus of the Indian team in next years U-17 football World Cup, saying they now have the “ability to compete in the youth Bundesliga” and will be the “biggest underdogs” in FIFAs mega event. The Sports Authority of India (SAI) and All India Football Federation (AIFF) today jointly launched an online portal for its Global Scouting Programme, which is conducting trials for Indians residing overseas to prepare a team for the 2017 FIFA Under-17 World Cup to be organised in the country. “My team now has the ability to compete in Germanys youth Bundesliga. We are the biggest underdogs in the U-17 World Cup and we will play with a big heart,” Nicolai, whose boys have put up some impressive performances in the recent past, said. The portal, which will go live on September 15, will allow boys, who hold valid Indian passports but are residing overseas, the opportunity to reach out to the scouts of the Indian team. It also allows players residing outside India to submit their playing videos. The scouting team will watch these videos and the shortlisted players would be invited for a round of on-field trials in their country of residence. Once the on-field trials are conducted by AIFF Director of Scouting Abhishek Yadav, Nicolai will have another look at the selected players before drafting them into the final World Cup squad. Hailing the concept, Sports Minister Vijay Goel said: “I am happy to launch this online portal. We are taking Prime Minister Narendra Modis initiative of Khelo India ahead. “It is a step in the right direction as it will provide Indian players residing outside the country with Indian passports opportunity to showcase their talent.” He added, “Through this we can unite everyone and we can also create a good football team.” AIFF General Secretary Kushal Das thanked SAI and the Sports Ministry for providing support to this project. “This project is my favourite for some time and I have discussed it with Abhishek. The pilot project in Dubai was quite successful. The idea is to reach to all the players who have Indian passport and have a capability to play in the national team,” Das said. “Right now we are concentrating on the Under-17 team but in future we will enhance the scouting programme to other age groups also.” SAI DG Injeti Srinivas has been pro-active and called it a “well-intentioned project with good objectives”. Also present on the occasion were Secretary Sports Ministry Rajiv Yadav and senior national team head coach Stephen Constantine. PTI AH SSC SSCadvertisementlast_img read more

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Tite explains Brazil squad

first_imgBrazil I accept not everyone will agree with me – Tite explains Brazil squad Raisa Simplicio 08:32 16/9/2017 FacebookTwitterRedditcopy Tite Brasil Seleção coletiva 30 08 2017 Pedro Martins / MoWA Press Brazil Bolivia v Brazil Brazil v Chile Bolivia Chile WC Qualification South America Brasil Global Tour looks back at the Selecao boss’s press conference as he named his latest squad ahead of next month’s World Cup qualifiers On Friday Brazil coach Tite named his latest squad, for October’s World Cup qualifiers against Bolivia and Chile in what will be his final competitive tests before World Cup 2018.There were five changes and six new players from his previous squad, as Tite surprisingly selected a 24-man squad despite only being able to select 23 for his matchday squad.Taison, Rodrigo Caio, Fagner, Giuliano and Luan were all dropped from last month’s group. Editors’ Picks ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing READ MORE: What did Tite learn from WCQ?  | Willian states Brazil case  | Tite names new Brazil squad Monaco defender Jemerson and Flamengo playmaker Diego returned, while there were first call-ups under the current coach for Gremio defensive midfielder Arthur, Manchester City full-back Danilo, Shakhtar midfielder Fred and Shandong Luneng striker Diego Tardelli.Here’s what Tite had to say about the changes.TITE ON: ARTHUR Arthur Gremio Cruzeiro Copa do Brasil 16082017“When I went to the game (between Gremio and Botafogo this week), I wanted to see the atmosphere of the game, the emotional side, the pressure of it all, where you could size up the environment in which the kid was playing so naturally. I cannot close doors to a player in a team where he is so important despite his age.”I do not know if, in nine months from now, he will have a place, but he is a prospect for the future. I can compare him now to where Gabriel Jesus was [when he started his Brazil career].”TITE ON: COUTINHO OR WILLIAN Willian Coutinho Brazil Ecuador Eliminatorias 2018 31082017“Coutinho is more cerebral, can help more with attacking organisation but doesn’t attack space as well. We will choose between them according to our gameplan.”TITE ON: DIEGO TARDELLI Diego Tardelli Atlético-MG São Paulo Copa Libertadores 09052013“Diego Tardelli has a very good history with the national team, and left a legacy of his time in Dunga’s squad. He is playing well, I faced him when he was at Atletico-MG, and he was terrifying to play against. In 13 games against my Corinthians teams, he scored 11 goals and got an assist.”TITE ON: COMPETITION FOR PLACES Seeção Brasil treino Tite 29 08 2017“I’m encouraging the players that they still have the chance to break into the team. Competing at a high level helps them improve. I do not have (a percentage of the team that I’ve decided on for the World Cup).”TITE ON: DIEGO Diego Ribas Botafogo Flamengo Copa do Brasil 16082017“Diego started the season well, earning a call-up to the Selecao, was in good form. He has great ability. We saw it all in the past. He is not weighed down by the Brazil shirt, it doesn’t inhibit him. We have to take advantage of the time we have left. We have nine months left, and we have to have players who are prepared to deal with adversity. He has the capacity to do that.”TITE ON: VANDERLEI’S OMISSION Vanderlei Santos 03062017“[It won’t take a miracle for Vanderlei to be called up]. The coach is a human being and does not demand miracles from human beings. He has the humility to understand that there are other people with different ideas to his own, but he does not have to use those words. I do not demand miracles from anyone.”TITE ON: ROTATING THE CAPTAINCY Paulinho Brazil“I don’t do it just to be nice. I’ve learned that leadership requires a number of qualities. It’s behavioural, tactical, technical, about communication… everyone has these to varying degrees. I try to encourage players to show theirs.”TITE ON: GOALKEEPERS Alisson Taffarel Brazil Selecao treino 03092017“There is technical evaluation of everyone during training and matches. I don’t have lots of time… I cannot be nice to everyone. It so happens that we have retained out goalkeepers, but we have maybe seven in contention right now, we have a lot of strength in that position.“Diego Alves, Weverton, they have the chance, too. I watched the [Cassio and Vanderlei] in the [Santos vs Corinthians match], Alisson made the difference for Roma against Atletico Madrid [in the Champions League], keeping a clean sheet. Ederson is in good form. Diego Alves, unfortunately, couldn’t play in the Copa do Brasil [as he’s not registered]. Fabio, too, is performing to a high level.”TITE ON: EVOLUTION Elenco e Tite Brasil Melbourne 2017“It is a daily process of construction, in every training session, every squad, we study the player and talk to their coaches. And it’s inevitable that we take some from those who were here before us. Diego Tardelli was called up by other Brazil coaches.”Felipao said he had to set up a base of his team. That is absolutely correct. Mano Menezes did the same. We have to grow and get better, always looking to get to a higher level. That is what I will be doing against Bolivia, looking for a performance and a result which will be a huge challenge as our history there is not good.”TITE ON: EVERYONE STILL HAS A CHANCE Brazil Australia 13062017“I had about 32 names. We are seeking certain criteria, and try to be as detailed as possible. We seek information and analyse data to look for players who can perform in the Selecao. It would be very easy for me to select a lot of other players.“You don’t know just how challenging it is. I wish I had more time to work with them all. They are opportunities to open up our range of options and evaluate them. Jemerson and Danilo are examples of us doing that. Everyone has an opportunity.“Neither those who have joined us nor those who have been left out are final. More games will allow us to build our concepts further.”last_img read more

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